Investors with a lot of money to spend have taken a bullish stance on Spotify Technology SPOT.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 27 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 33%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $738,309, and 20 are calls, for a total amount of $1,149,590.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $460.0 to $820.0 for Spotify Technology over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Spotify Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spotify Technology's whale trades within a strike price range from $460.0 to $820.0 in the last 30 days.
Spotify Technology Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | PUT | SWEEP | NEUTRAL | 05/16/25 | $27.8 | $26.75 | $27.13 | $530.00 | $362.0K | 53 | 141 |
| SPOT | PUT | SWEEP | NEUTRAL | 05/16/25 | $14.25 | $13.4 | $13.88 | $480.00 | $184.5K | 125 | 134 |
| SPOT | CALL | TRADE | BULLISH | 04/25/25 | $13.0 | $12.3 | $13.0 | $582.50 | $130.0K | 0 | 100 |
| SPOT | CALL | TRADE | BEARISH | 04/25/25 | $13.65 | $12.1 | $12.5 | $582.50 | $120.0K | 0 | 201 |
| SPOT | CALL | TRADE | BEARISH | 04/17/25 | $112.85 | $108.6 | $108.6 | $460.00 | $108.6K | 86 | 10 |
About Spotify Technology
Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Following our analysis of the options activities associated with Spotify Technology, we pivot to a closer look at the company's own performance.
Where Is Spotify Technology Standing Right Now?
- With a trading volume of 1,029,125, the price of SPOT is down by -2.31%, reaching $559.17.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 13 days from now.
What The Experts Say On Spotify Technology
5 market experts have recently issued ratings for this stock, with a consensus target price of $651.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Keybanc has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $625. * An analyst from China Renaissance downgraded its action to Buy with a price target of $740. * An analyst from Cantor Fitzgerald persists with their Neutral rating on Spotify Technology, maintaining a target price of $520. * An analyst from UBS has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $680. * An analyst from UBS has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $690.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Spotify Technology, Benzinga Pro gives you real-time options trades alerts.
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